A great day in our futures trading, although an afternoon trade stood little chance with no market volume. See the ES and ER sections below for reviews. We won 3 out of 5, but two of the winners worked like we like to see them.
Net ticks: +25.5 ticks.
First, let’s take a look at the ES and NQ with our market directional tool, Seeker, and VWAP:
Mark’s ES triggered long at A (1277.50), finally hit the first target at B for six ticks, and after two stop adjustments, stopped at C (1281.00). He had an afternoon call that triggered at 1275.00 at D and stopped for 7 ticks, and then triggered again at E and hit the first target at F, then stopped under the entry on the second half:
This one was a long entry at A over 737.70 that stopped quickly (ER is a jumpy contract), then triggered again in the next 5 minute bar and went, hitting the first target at B and raising the stop before finally stopping the final half at C at 742.40 for 47 ticks: